September 2012 Employment Situation Report Reveals 114000 Jobs Added While Unemployment Rate Dropped Under 8 Percent

Total U.S. nonfarm payroll employment rose by 114,000 jobs in September while the unemployment rate decreased by 0.3 to 7.8 percent after hovering between 8.1 and 8.3 percent for the first 8 months of the year, according to ‘THE EMPLOYMENT SITUATION — SEPTEMBER 2012’ released today by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The September 2012 Employment Situation Report will be available at until the October 2012 Employment Situation Report is released on Friday, November 2, 2012.

The September 2012 Employment Situation Report showed the number of unemployed people fell by 456,000 to 12.1 million during the month. The report also revised the change in total nonfarm payroll employment for July 2012 from 141,000 jobs added up to 181,000 added, and August 2012 was revised from 96,000 jobs added up to 142,000 jobs added. Among industries, the report found employment rose in health care, transportation and warehousing, and financial activities in September 2012:

  • Health care employment added 44,000 jobs in September 2012, as ambulatory health care services added 30,000 jobs and hospitals added 8,000 jobs. Over the past year, employment in health care has risen by 295,000 jobs.
  • Transportation and warehousing employment increased by 17,000 jobs in September 2012, with transit and ground passenger transportation adding 9,000 jobs and warehousing and storage adding 4,000 jobs.
  • Financial activities employment edged up in September 2012 with 13,000 jobs gained, reflecting modest growth in real estate with 7,000 jobs and credit intermediation with 6,000 jobs.

On the negative side, manufacturing employment lost 16,000 jobs in September 2012, with computer and electronic products dropping 6,000 jobs and printing losing 3,000 jobs. Employment in other industries such as mining and logging, construction, wholesale trade, retail trade, information, professional and business services, leisure and hospitality, and government all showed little change.

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